Increasing demand for miniaturized electronic products, rising demand for internet of things enabled connected devices, increasing use of field-programmable gate arrays in data centers, and a growing semiconductor industry around the world are all factors that will likely propel the electronic design automation market forward during the forecast period.
Covid-19 Impact & Market Status
In 2020, the breakout and spread of COVID-19 had a detrimental impact on the electronic design automation industry, resulting in a reduction in electronic design automation subscriptions. As a result, the money earned by them has decreased. As a result, the market's growth trajectory slowed significantly in the first half of 2020. The rise in semiconductor chip manufacturing output in the second or third quarter of 2021 is predicted to boost demand for electronic design automation.
The IC Physical Design & Verification Segment is Anticipated for the Significant Growth in the Predicted Timeframe
The market for IC physical design and verification is predicted to develop at the fastest CAGR in the coming years. As the ICT industry is a highly competitive and fast-moving business complexities comprising semiconductor verification is paramount and hence becoming highly demanding. Companies want electronic design automation solutions that can provide trustworthy outcomes and aid them in reaching their goals in order to meet demand and meet defined targets.
The Cloud-Based Segment will Hold Majority of the Market Revenue in the Coming Future
The cloud-based is likely to develop with the maximum CAGR in the coming years. Cloud-based verification and design are becoming highly sought-after as they render superlative speed operational efficiency, and are excellent in managing expenditure targeting manufacturing of semiconductor chips. As a result of these considerations, the adoption of cloud-based electronic design automation solutions is rising.
The Memory Management Units Segment will Hold the Majority of the Share
The expansion has been hastened by rising digitization, which has increased the demand for faster processors and effective memory management technologies. For the segment's development, companies have used both organic and inorganic growth tactics.
The Consumer Electronics Segment will Hold Majority of the Revenue over the Prediction Period
Due to developments in technology utilized in headphones and earbuds, increased desire for technologically advanced, large-screen television sets, rising disposable income, and purchasing capacity of consumers, and increasing smartphone penetration, the global electronic design automation market has seen tremendous expansion in recent years.
North America Market is projected to be a Maximum Growth Rate in the Future
Owing to the significant expenditure on electronic gadgets in this region, North America had the greatest electronic design automation software market share in 2020. Furthermore, the huge presence of important market suppliers in North America contributes to the region's market growth.
Smart city development, combined with increased smartphone demand, will provide several opportunities for the electronic design automation market to flourish throughout the projected period.
The use of linked devices such as smart home systems, smartphones, and wearables has increased dramatically in the coming years. The electronic design automation software enables designers to study, monitor, and simulate it before putting a design into practice. The global electronic design automation market is predicted to develop due to the integration of power electronics into these devices. The global electronic design automation market is predicted to reach over 17 USD billion at a CAGR rate of 7% during the estimated period.
In the future, the rising demand for high performance with low power consumption capabilities is predicted to stimulate demand for electronic design automation solutions, influencing industry participants to make IP core innovations. The infrastructure and processing power required for testing, developing, verifying, and manufacturing electronic systems has expanded dramatically as they have gotten more sophisticated. The demand for massive-scale data management and processing in next-generation electronic devices has been spurred by electronic design automation as well as CAE (computer-aided engineering).
As validating components take up a considerable percentage of the overall design time in these systems, electronic design automation businesses have invested heavily in massive server farms and high-performance storage systems to ensure high quality and quick turnaround of semiconductor tests and validation.
The electronic design automation industry is dominated by a number of local, regional, and multinational companies. Rapid technological advancement has provided possibilities in the Electronic Design Automation industry throughout the world. Electronic Design Automation vendors are focusing on inorganic expansion techniques such as strategic alliances and merger and acquisition operations with technological partners in order to expand their offerings and market reach. Agnisys, Inc., Altium Limited, ANSYS, Inc., Aldec, Inc., Cadence Design Systems, Inc., EasyEDA, Schindler & Schill GmbH., Dolphin Design SAS, ElectroMagneticWorks, Inc., Eremex, Ltd., Ferrochip are among the prominent significant industry participants in the global Electronic Design Automation market.
Latest Innovations in the Global Electronic Design Automation Market: a Snapshot
- In August 2021, Tower Semiconductor (US) and Cadence Design Systems, Inc. have introduced silicon certified SP4T RF-SOI switch reference flow with the help of the Virtuoso Design Platform as well as integrated EM analysis. The sequence highlights the advantages of having a single design environment for co-design and simulation of chips and packages. The new relationship development benefits their clients since the solution meets the requirements of complicated systems.
- In June 2021, Siemens has added PRO DESIGN Electronic GmbH's proFPGA product line to its IC verification portfolio. ProFPGA's proven track record of helping more than 100 clients to 'shift left' in their essential software and hardware verification processes, resulting in faster time-to-market, will assist Siemens in improving their solutions.
The purpose of this market research study is to give precise data on the global electronic design automation market. The research decodes complicated data to demonstrate the current and historical status of the industry, as well as prospective market trends and growth. The research looks at market leaders, investors, customers, and newcomers in a number of industries.
Electronic Design Automation Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||17 USD billion|
|Growth Rate||CAGR of 7% during 2021-2028|
|Segment Covered||Product Type, Deployment Mode, End-Use Application, End-User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Key Players Profiled||Agnisys, Inc., Altium Limited, ANSYS, Inc., Aldec, Inc., Cadence Design Systems, Inc., EasyEDA, Schindler & Schill GmbH., Dolphin Design SAS, ElectroMagneticWorks, Inc., Eremex, Ltd., Ferrochip|
Key Segments of the Global Electronic Design Automation Market
Product Type Overview, 2018-2028 (USD Billion)
- PCB & MCM
- IC Physical Design & Verification
- Semiconductor IP
Deployment Mode Overview, 2018-2028 (USD Billion)
End-Use Application Overview, 2018-2028 (USD Billion)
- Memory Management Units
- Microprocessors & Microcontrollers
End-User Overview, 2018-2028 (USD Billion)
- Defense & Aerospace
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa